Downgrades and rising defaults ahead as Covid-19 strains credit in 2021

Credit: iStock/Angkana Kittayachaweng

Covid-19 will continue to put a “heavy strain” on global credit conditions in 2021, with more ratings downgrades and an increase in defaults likely, says S&P in a new report. Its baseline assumption is that Covid-19 vaccines will become widely available by mid-year, but containment of the pandemic will still be uneven worldwide. S&P adds that until the vaccines start…

Please register or login to view the full post